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Post Office Schemes
 
 
 
 
 
 
 
Home >> Investments >>Post Office Schemes
Post Office Saving Bank
Last updated on :
Salient Features
  • Minimum amount Rs 20/- in case of noncheque account, Rs.500/- in case of cheque account.
  • Minimum balance of Rs.500/- is to be maintained for a cheque account.
  • Account is opened with cash only.
  • Maximum balance permissible is Rs. 1,00,000/- in a single account and 2,00,000/- in a Joint account.
  • Two/Three adults, individuals, minor through guardian can open an account.
  • A minor having attained 10 years of age can also open an account directly.
  • One individual account and one joint account can only be opened at a Post Office.

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